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Sunday, May 3, 2009

Citi sticks out hand give me just $10 billion more oh please

Citigroup Inc. (C) may need to raise as much as $10 billion in new capital, according to people familiar with the matter, as the government continues negotiations with banks over the results of its so-called stress tests.

The bank, like many others, is negotiating with the Federal Reserve and may need less if regulators accept the bank's arguments about its financial health, these people said. In a best-case scenario, Citigroup could wind up having a roughly $500 million cushion above what the government is requiring.


Disclosure None, I wouldn't buy Citi with your money!

Bank stress test results delayed Until May 7th

Wall Street will have to wait until May 7 to find about how 19 big banks did on the stress tests as regulators push back release of results by three days.

Regulators have delayed releasing the results of stress tests conducted on the nation's largest banks until May 7, government officials familiar with the matter said Friday.

The government expects to release its assessment next Thursday afternoon and will provide information both on individual companies as well as the overall group, according to sources.

For weeks, Wall Street has been anxiously awaiting the results of the tests, which regulators originally indicated would be announced on May 4.

So park the truck, crack open a beer and pop a squat we waiting even longer.


Disclosure None

43 Risky High Dividend Stocks Paying 15 to 24%

Here is a list of some risky high dividend stocks paying 15 to 24%.

Company Symbol Yield % Price
Compass Diversified Holdings CODI 15.01 9.2
Pengrowth Energy Trust (USA) PGH 15.28 6.78
Linn Energy, LLC LINE 15.33 16.97
Royce Value Trust Inc RVT 15.38 8.59
Medical Properties Trust, Inc. MPW 15.41 5.55
Cogdell Spencer Inc. CSA 15.49 5.81
Calumet Specialty Products Partners, LP CLMT 15.52 11.64
Kimco Realty Corporation KIM 15.53 11.15
Martin Midstream Partners LP MMLP 15.59 19.3
Sun Communities, Inc. SUI 15.75 14.66
Triangle Capital Corporation TCAP 15.8 10.1
Mesabi Trust MSB 15.92 9.65
BlackRock EcoSolutions Investment Trust BQR 16.05 9.72
K-Sea Transportation Partners LP KSP 16.09 20.64
EV Energy Partners, LP EVEP 16.57 18.25
Pennsylvania REIT PEI 16.76 6.58
MarkWest Energy Partners, LP MWE 16.85 14.78
Cushing MLP Total Return Fund SRV 16.89 5.6
OSG America LP OSP 17.01 8.98
Legacy Reserves LP LGCY 17.04 12.35
Hatteras Financial Corp. HTS 17.11 23.15
Vanguard Natural Resources, LLC VNR 17.27 11.53
Aracruz Celulose SA (ADR) ARA 17.55 12.47
Alto Palermo SA (ADR) APSA 18.1 5.22
Prospect Capital Corporation PSEC 18.14 9.15
Northern States Financial Corporation NSFC 18.18 5.04
PennantPark Investment Corp. PNNT 18.22 5.37
Golar LNG Limited (USA) GLNG 18.25 5.55
Targa Resources Partners LP NGLS 18.3 12.03
Capital Product Partners LP CPLP 18.49 9.12
Anworth Mortgage Asset Corporation ANH 18.6 6.46
ING International High Dividend Equity IID 18.95 10.36
Cohen and Steers Global Income Builder INB 18.99 7.08
CBL & Associates Properties, Inc. CBL 19.07 7.06
The Macerich Company MAC 19.18 16.67
American Capital Agency Corp. AGNC 19.23 18.39
Capstead Mortgage Corporation CMO 19.79 11.4
Hercules Technology Growth Capital Inc HTGC 20.61 6.14
AEGON NV (ADR) AEG 20.69 5.07
Apollo Investment Corp. AINV 20.84 5.12
General Maritime Corporation GMR 23.15 11
Teekay Tankers Ltd. TNK 23.96 12.18
Cheniere Energy Partners, LP CQP 24.67 6.44


Disclosure I am long TNK,GMR,IID,ANH,PSEC,HTS,and TCAP

8 Super risky Stocks for the Yield Chasers 25%+

Here is a list of 8 super risky stocks with yields greater than 25%.

Company Symbol Yield % Price
Cornerstone Progressive Return Fund CFP 25.41 9.86
Lloyds Banking Group PLC (ADR) LYG 26.47 6.5
Whiting USA Trust I WHX 27.62 11.28
Ares Capital Corporation ARCC 29.22 5.86
BreitBurn Energy Partners LP BBEP 33.07 6.94
Apartment Investment and Management Co. AIV 33.38 7.27
Tel Offshore Trust TELOZ 38.28 5.21
Highveld Steel and Vanadium (ADR) HSVLY 39.53 7.45


Disclosure I own none of these stocks.

Superior Uniform Group Declares Regular Quarterly Cash Dividend

The Board of Directors of Superior Uniform Group, Inc. (Nasdaq:SGC) today declared a quarterly dividend of $.135 per share, payable May 26, 2009, to shareholders of record May 13, 2009. Current Yield is 7.08%.

Superior Uniform Group, Inc., established in 1920, is one of America's foremost providers of fine uniforms and image apparel. Superior manages award-winning apparel programs for major corporations. They are leaders in innovative uniform program designs, global manufacturing, and state-of-the-art distribution.

Disclosure None

Nalco Declares Quarterly Dividend

Nalco Holding Company (NYSE:NLC), providing essential expertise for water, energy and air, announced today that the Company's Board of Directors has declared a quarterly cash dividend payment of 3.5 cents per share payable on July 2, to shareholders of record on June 15.

Current Yield is 0.85%

Disclosure None

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